Montana’s Republican Speaker of the House Matt Regier Tuesday, Announced what’s going on in the Montana Legislature and Regier also emphasized that there will be tax relief for Montanans.
Montana Legislature Proposal In Montana
Republican Speaker of the House Matt Regier said this week in Montana Legislature talk, the first agenda for the House of Representative that the State of Montana will be having a debt-free bill. The legislators are looking to drop the income tax rates and planing to exempt small businesses from the business equipment tax. “We’ve obtained property tax refunds, we also have income tax refunds, so it’s like of tax relief here for a couple of weeks in the House of Montana” Regier said.
Moreover, Regier also expressed that Montana taxpayers can look for a check in the mail with the Governor’s signature if the tax relief bill passes and is signed into law.
Tax Relief In Montana
According to Regier the property tax refund is worth $500 check to just Montana residents for the next two years. Tax refund will be a one-time payment for Montana income taxpayers. The state government has the last couple of years so they want to give some back some of the income tax refund. Despite the rhetoric of massive refunds in the mail, Regier knows the funds behind the refund checks have to be sustainable. The big surplus in Montana would make them financial stable for the next two years. However, Regier is looking for the bigger picture he is worried about the next four years and the eight years out.
Regier wants to make sure that the thread of the needle would be sustainable budget in the state of Montana. “We called it ‘structural balanced budget’, that that has to be in the black pushing ahead and looking out further than just the two years. Look out after that four years and that eight years to assure that we’re not in a dilemma.”Regier added.